Revenue Update on Meritor Inc(NYSE:MTOR)

Meritor Inc(NYSE:MTOR) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $841.00M. Analysts estimated a revenue of $836.62M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.43.

In a different note, On Jun 28, 2016, Piper Jaffray said it Downgrades its rating on Meritor Inc. The shares have been rated ‘Underweight’ by the firm.

Meritor Inc (MTOR) shares turned negative on Fridays trading session with the shares closing down -0.02 points or -0.19% at a volume of 6,94,598. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.28. The peak price level was also seen at $10.28 while the days lowest was $10.0802. Finally the shares closed at $10.25. The 52-week high of the shares is $14.12 while the 52-week low is $5.69. According to the latest information available, the market cap of the company is $889 M.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, William J Lyons (director) purchased 2,799 shares at $8.01 per share price.Also, On Dec 3, 2015, Jeffrey A Craig (CEO & President) sold 19,496 shares at $10.34 per share price.On Dec 3, 2015, Paul Bialy (VP, Controller & PAO) sold 2,655 shares at $10.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Meritor Inc. is engaged in the development manufacture sale assembly distribution import and export of movement control systems for buses trailers and trucks and their parts and components. It serves commercial truck trailer bus and coach and off-highway machinery manufacturers. The Company’s segments include commercial truck and industrial and aftermarket and trailer. Its commercial truck and industrial segment supplies drivetrain systems and components including axles drivelines braking and suspension systems primarily for medium- and heavy-duty trucks in North America South America and Europe. This segment also supplies components for defense construction bus and coach mining fire and emergency applications and Aftermarket and Trailer segment which supplies new and remanufactured axles brakes suspensions transmissions and components for all-makes aftermarket customers and also supplies a variety of undercarriage products and systems for trailer applications.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Meritor Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Meritor Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.